Sea change: A dip in consumer confidence will slow industry revenue growth

The Boat Dealership and Repair industry sells new and used boats, including canoes, sailboats and motorboats (except personal watercraft) and boat parts and accessories. Additionally, industry operators provide repairs and maintenance services. These mechanics may be employed by a boat dealer or operate as an independent shop. Over the five years to 2018, industry revenue has increased, despite some fluctuations in year to year growth. Although the number of boat registrations declined over the past five years, expenditure on boats has actually increased during the period. The strengthening economy has enabled consumers to spend more on leisure activities, such as boating, thereby boosting industry revenue...purchase to read more.

Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 13-18
2.0%
Forecast Growth 18-23
Profit
Employment
153,107
Businesses
116,611
Market Share of Companies

Industry Threats & Opportunities

  • Rising disposable income and consumer confidence will keep demand for industry goods steady
  • Boat owners are more likely to make repairs than buy new vessels
  • Industry demand is highly dependent on disposable income and consumer confidence
  • Industry Report - Industry Products Chapter

    The Boat Dealership and Repair industry sells new and used boats, including powerboats, rowboats and sailboats. Personal watercrafts and small motorized vehicles designed for one to three riders are not included in this industry. These crafts are included in the Motorcycle Dealerships and Repair industry (IBISWorld report 44122a).New and used boatsOperators in this industry sell a broad range of new and used boat types, including outboard and inboard motorboats, sailboats, canoes and kayaks. In 2018, new boat sales are expected to generate the majority of industry revenue, accounting for an estimated 56.6%. Dem...purchase to read more.

    Additional Insights for the Boat Dealership and Repair Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Boat Dealership and Repair Industry are

  • Ability to clearly specify requirements to suppliers
  • Maintenance of excellent customer relations
  • Must have license
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Time spent on leisure and sports in the Boat Dealership and Repair industry impact industry performance..

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    What's in this report

    What is the Boat Dealership and Repair Industry?

    This industry sells new and used recreational boats like canoes, sailboats and motorboats (except personal watercraft), boat parts and accessories. This industry also provides repair and maintenance services; boat repairers may be employed by a boat dealer or operate as an independent shop.

    Industry Products
  • New boats
  • Used boats
  • Parts and repair services
  • Industry Activities
  • Retailing new boats
  • Retailing used boats
  • Retailing boat parts and accessories
  • Providing boat repair and maintenance services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Time spent on leisure and sports
  • Consumer Confidence Index
  • Average age of vehicle fleet
  • World price of crude oil

  • Current Performance
  • Boat use on the rise
  • Demand for repair and maintenance
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Increase in sales
  • Demand for repair services to dip
  • Profit and participation
  • Table: Boat Dealership and Repair Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Boat Dealership and Repair Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Aircraft, Marine & Railroad Transportation Equipment Wholesaling
  • Boat Building

  • Products & Services
  • New boats
  • Parts and repair services
  • Used boats
  • Chart: Boat Dealership and Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households earning $50,000 to $100,000
  • Households earning over $100,000
  • Households earning below $50,000
  • Other
  • Wholesalers for resale
  • Other retailers for resale
  • Chart: Major Market Segmentation for the Boat Dealership and Repair Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesFinancing inventoryOther
  • Chart: Cost Structure Benchmarking – Sector vs Boat Dealership and Repair

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Boat Dealership and Repair Industry

  • Industry Globalization
    MarineMax Inc.,
  • Table: MarineMax Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Boat Dealership and Repair Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Boat Dealership and Repair Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Time spent on leisure and sports (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Inboard Motor
  • A motor that is located inside the hull of a boat.
  • Outboard Motor
  • A motor that is attached to the outside of a boat.
  • Wake
  • The v-shaped water that trails behind a boat, created by the boat's forward motion.
  • What Our Customers Say

    Why buy this report?

    The Boat Dealership and Repair industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Boat Dealership and Repair:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Boat Dealership and Repair market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Boat Dealership and Repair, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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